Legislature(2011 - 2012)HOUSE FINANCE 519

02/06/2012 01:30 PM FINANCE


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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+= HB 142 PRESUMPTION AGIA PROJECT IS UNECONOMICAL TELECONFERENCED
Heard & Held
+ HB 180 VETERAN DESIGNATION ON DRIVER'S LICENSE TELECONFERENCED
Moved CSHB 180(FIN) Out of Committee
+ HB 198 SPEC. EDUC. SERVICE AGENCY FUNDING/SUNSET TELECONFERENCED
Heard & Held
+= HB 118 RESEARCH AND DEVELOPMENT TAX CREDIT TELECONFERENCED
Heard & Held
HOUSE BILL NO. 142                                                                                                            
                                                                                                                                
     "An  Act  relating  to the  creation  of  a  rebuttable                                                                    
     presumption that the project  licensed under the Alaska                                                                    
     Gasline  Inducement   Act  is  uneconomic   because  of                                                                    
     insufficient  firm  transportation  commitments  during                                                                    
     the first open season."                                                                                                    
                                                                                                                                
1:35:30 PM                                                                                                                    
                                                                                                                                
Co-Chair   Thomas   MOVED   to  ADOPT   proposed   committee                                                                    
substitute  for HB  142,  Work  Draft 27-LS0451\E.  Co-Chair                                                                    
Stoltze OBJECTED for purpose of discussion.                                                                                     
                                                                                                                                
RENA DELBRIDGE, STAFF, REPRESENTATIVE  MIKE HAWKER, spoke on                                                                    
behalf of the sponsor,  Speaker Mike Chenault. She discussed                                                                    
changes contained  in the  committee substitute.  Dates were                                                                    
changed to update the legislation to 2012:                                                                                      
                                                                                                                                
   · Page 11, Line 9: July 15, 2011, is changed to May                                                                          
     15,2012                                                                                                                    
   · Page 1, Line 12: Aug. 1,2011 is changed to May 30,                                                                         
     2012                                                                                                                       
   · Page 1, line 13: July 15, 2011 is changed to May                                                                           
     15,2012                                                                                                                    
   · Page 2, line 3: Aug. 15,2011, is changed to June                                                                           
     15,2011                                                                                                                    
   · Page 2, line 7: 2013 is changed to 2014                                                                                    
                                                                                                                                
Ms.  Delbridge  explained  that the  dates  corresponded  to                                                                    
deadlines contained in the legislation.                                                                                         
                                                                                                                                
Co-Chair  Stoltze  asked  if   there  were  any  substantive                                                                    
issues. Ms. Delbridge observed that  a year had passed since                                                                    
the  legislation was  introduced and  that the  sponsor felt                                                                    
that it was appropriate to  encourage a more timely process.                                                                    
Deadlines were  shortened by a  couple of months.  The first                                                                    
benchmark of July 15, 2012 was  changed to May 15, 2012. She                                                                    
pointed out that  the open season would have  been in effect                                                                    
for two years.                                                                                                                  
                                                                                                                                
Ms.  Delbridge   noted  that  throughout  the   bill,  "firm                                                                    
transportation commitments" were  changed to "commitments to                                                                    
acquire firm  transportation capacity".  Firm transportation                                                                    
commitments  were  not  the  expected  outcome  of  an  open                                                                    
season.   Instead  the   expected   outcome  was   precedent                                                                    
agreements  or  commitments  to  iron  out  conditions  that                                                                    
become firm  transportation capacity. The changes  were made                                                                    
in the title;  page 1, line 10;  page 1, line 12  - 13; page                                                                    
1, line 14; and page 2, line 10.                                                                                                
                                                                                                                                
Ms.  Delbridge observed  that  the last  change  was to  the                                                                    
standard  for  commitments  to acquire  firm  transportation                                                                    
commitments, which  had been  changed to  require sufficient                                                                    
commitments to  support development of the  project licensed                                                                    
by  the  Alaska  Gasline  Inducement  Act  (AGIA).  The  new                                                                    
standard replaced  "construction" with "development"  of the                                                                    
project. The  change was reflected  on page 1, line  10. The                                                                    
committee substitute  struck prior language  requiring those                                                                    
commitments to  be "sufficient  to support  the construction                                                                    
of the  project." The change  was also reflected on  page 2,                                                                    
line 9.  The word "credit"  was deleted; the project  had to                                                                    
have sufficient "support" and finance "development".                                                                            
                                                                                                                                
1:41:02 PM                                                                                                                    
                                                                                                                                
Co-Chair  Stoltze WITHDREW  his  OBJECTION.  There being  NO                                                                    
further  OBJECTION, committee  substitute for  HB 142,  Work                                                                    
Draft 27-LS0451\E was adopted.                                                                                                  
                                                                                                                                
HB  142  was  HEARD  and   HELD  in  Committee  for  further                                                                    
consideration.                                                                                                                  
                                                                                                                                

Document Name Date/Time Subjects
Explanation of Changes _ HB 180.pdf HFIN 2/6/2012 1:30:00 PM
HB 180
HB 180 Military Discount List.pdf HFIN 2/6/2012 1:30:00 PM
SSTA 3/22/2012 9:00:00 AM
HB 180
HB 180 Sponsor Statement.pdf HFIN 2/6/2012 1:30:00 PM
HB 180
HB 198 SESA Presentation - House Finance 2012.ppt HFIN 2/6/2012 1:30:00 PM
HB 198
SESA's Funding comparison Charts.pdf HFIN 2/6/2012 1:30:00 PM
HB 198
HB 198 SESA Responsibilities.pdf HFIN 2/6/2012 1:30:00 PM
HB 198
HB 198 SESA Sunset EliminationFunding Request.docx HFIN 2/6/2012 1:30:00 PM
HB 198
HB 198 Sponsor Statement.pdf HFIN 2/6/2012 1:30:00 PM
HB 198
SESA Audit 1994.pdf HFIN 2/6/2012 1:30:00 PM
HB 198
CSHB142 FIN WORKDRAFT.pdf HFIN 2/6/2012 1:30:00 PM
HB 142
CSHB 142 FIN workdraft Summary of Changes.pdf HFIN 2/6/2012 1:30:00 PM
HB 142
CSHB 142 (FIN)Workdraft Sponsor Statement.pdf HFIN 2/6/2012 1:30:00 PM
HB 142
CS HB118 FIN Workdraft.pdf HFIN 2/6/2012 1:30:00 PM
HB 118
HB118CS(L&C)-NEW FN-DOLWD-UI-2-3-12.pdf HFIN 2/6/2012 1:30:00 PM
HB 118
2012 HB118-CCED-DED-PowerPoint.pdf HFIN 2/6/2012 1:30:00 PM
HB 118
CSHB 180 FIN WORKDRAFT-27-LS0589-T.pdf HFIN 2/6/2012 1:30:00 PM
HB 180
CSHB 180 Proposed Changespdf.pdf HFIN 2/6/2012 1:30:00 PM
HB 180
HB 198 SESA Agency Facts 022312.pdf HFIN 2/6/2012 1:30:00 PM
HB 198
HB 198 SESA Answers to HFIN Questions from 020612.pdf HFIN 2/6/2012 1:30:00 PM
HB 198
CS HB198 SESA Av Daily Membership FY 88 to FY 11.pdf HFIN 2/6/2012 1:30:00 PM
HB 198